Time….Friend or Foe
We have all heard or used the various phrases like ?You’ve got time on your side? or Time is against you? haven’t we? The thing is, time is neither of those things because it doesn’t choose to be for or against you, the clock hands keep ticking. This also leaves you with the question with, How do you teach Time Management When you cannot manage time?
Interestingly enough, we all have 1440 minutes each day, successful people and unsuccessful people have exactly the same amount. Stephen Covey in his brilliant book “The 7 Habits of Highly Effective People” talks about time quadrants: Urgent and Important, Not Urgent and Important, Not Urgent and Not Important and finally Urgent and Not Important. Each task you undertake during a day falls into one of these categories, it is vital that you choose which category you spend your time in. If you haven’t seen or heard this before I would be happy to discuss it, but I would highly recommend reading the original from the master.
In among all these quotes, statistics and references I would ask you to take one lesson away; How you use your time is your choice. If you choose to give it away then do not blame others; your customers, your friends or your family, blame only takes away your ability to be in control of your life. The effective person plans and reviews how they use their time so that they can make adjustments and be continually improving. The ineffective person just seems to run around like the proverbial hamster on the wheel until they get tired and stop.
Some quick tips to make the most of your time:
If you are continually busy with client work, either employ someone at a lower rate to do the work or charge the client more. If you increase your rate by 10% and lose a small fraction of clients you could be working less hours for the same income.
If you find yourself bogged down in administration, delegate. The chances are that your hourly rate and an administrators hourly rate are vastly different. Concentrate on the work that brings in income while the administrator does the work required to keep the business running. I would also ask you to consider using a bookkeeper.
Do a full, time study on yourself and your team. If you do not know where your time is going, how are you going to make better use of it?